Smyrna GA Real Estate Market Report

3Q 2016 (July-Sept) :: Brought to you by Nest Atlanta and inSmyrnaGA.com

The Smyrna real estate market is HOT, whether you are in the 30080 or 30082 zip code, your home values are definitely on the rise! Read the full Smyrna GA Real Estate Market Update below….

3Q 2016 Smyrna GA Real Estate Market Overview

30080 and 30082 HOME SALES

A total of 256 single family homes sold in Smyrna last quarter, which is just slightly down from the same time last year when 273 homes sold.

There are currently 230 Smyrna homes for sale, so inventory levels are still quite low. If now other homes were listed, the current inventory would be gone in less than 3 months. A balanced real estate market (i.e. not a buyer or seller’s market) typically has 6 months of inventory. Right now, it is a very strong Seller’s market in Smyrna – especially for homes under $750K. If you are thinking of selling your home, we would highly recommend taking advantage of this market and listing your home within the next 6 to 9 months!

HOME PRICES IN SMYRNA

The average sales price this quarter was $340,524. That’s $43,000 HIGHER (14.8%) from the same time last year — impressive!

The median home sales price in Smyrna was $345,000

Homes ranged in price from $50,000 all the way up to $1,187,500

Almost 30% of the Smyrna homes sold were under $250,000, so this community is still a very affordable option for many home buyers

ARE BUYERS STILL PAYING CLOSE TO ASKING PRICE?

Very much so! Single family homes sold at 98% of the asking price, on average. This simply means that home buyers negotiated about 2.0% off the asking price.

Last quarter, 26% sold at or over the asking price. This is right on par with the same time last year.

HOW FAST ARE SMYRNA HOMES SELLING?

The time it takes to sell a home in Smyrna, Georgia is only 40 days on average, but 36% of the houses sold in less than 2 weeks.

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QUICK TIP: If you are thinking about selling your home, please keep in mind that it should sell in less than 2 weeks at a price that’s very close to your asking price… but only if you price your home at fair market value, make it easy for buyers to tour and a little staging never hurts! We highly recommend that you speak with at least 2 to 3 real estate agents in order to get an accurate assessment of your home’s current value.

All Smyrna GA real estate data was extracted from the Atlanta FMLS on 10/21/2016 and interpreted by Kerry Lucasse with the Nest Atlanta Real Estate Group at eXp Realty. For more information about recent home sales or to get a complete list emailed to you with property details and photos, please call Kerry at 404-432-1844 and she’s be happy to send you a copy.

The Atlanta Suburb of the Month is… Smyrna!

Over the last decade, the Atlanta suburb of Smyrna has been growing in popularity by leaps and bounds. From 2000 to 2010, the Smyrna grew by 25%, according to the US Census. If you aren’t familiar with the area, hopefully this will help you understand why we’ve named Smyrna the Metro Atlanta Suburb of the Month!

Why We Love Smyrna, Georgia

1) Location

Smyrna is located about 15 minutes outside the City of Atlanta and only 15 to 20 minutes from the airport. Residents enjoy easy access to the major interstates (I-75 and I-285) and US Hwy 41, so it’s a fantastic option for commuters. It’s also minutes from the popular Vinings Village and North Buckhead, as well as several corporate headquarters, including Home Depot, Atlanta Bread Company and IBM.

2) Community

In the 1990s, several developments were constructed, including the Jonquil Village and Smyrna Market Village. Smyrna Market Village gave the community a center to gather for festivals, farmers markets, and open air concerts. It also offers some fantastic boutiques and restaurants, from Atkins Park Tavern to Zucca Bar and The Corner Taqueria. For those home buyers that were attracted to the Vinings area, but wanted to spend a bit less on their home or condo, Smyrna GA now offers a similar personality and charm.

3) The Great Outdoors

For those of you who love to “play” outside, Smyrna is definitely the place to be. The popular Silver Comet trail runs through Smyrna and is a favorite for bikers and joggers. There are also dozens of parks and walking trails along the Chattahoochee River. The proposed Braves baseball stadium will also be minutes away from Smyrna.

4) Home Prices in Smyrna GA

Smyrna also offers some very affordable real estate. Single family homes range from the low $100s for a fixer upper to well over $1.0 million for a newer construction luxury home near Vinings. You will find older cottages and townhomes near the Smyrna Market Village, large traditional brick homes, new Craftsman style homes, as well as condominiums and townhomes. A few popular neighborhoods include 2000 Paces Ferry (luxury homes), Cooper Lake (Craftsman homes), Enclave at Cooper Lake (luxury Craftsman style homes), Paces Green (Brick traditional homes) and Avignon at Vinings. View all the latest homes for sale in Smyrna, GA 30080 and 30082.

Can you see why Smyrna was voted by Atlanta Magazine as one of the Top 10 places to live in the Metro Atlanta area? We hope so! The Nest Atlanta team has assisted dozens and dozens of home buyers and sellers in the Smyrna Vinings area and we would be more than happy to answer any questions you may have about this fabulous Metro Atlanta suburb. And if you are thinking of making the move to the area, our Smyrna real estate specialists can help you find your dream townhome, Craftsman home or investment property in Smyrna, Georgia.